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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

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How long does Old Mutual cash back take?

CASH BACK BONUS PAYMENT PROCESS Your Cash Back Bonus is paid out within 45 business days after the end of the relevant Reward Period.

How long does it take for Old Mutual to payout?

The standard timeline we communicate to customers is 15 working days. Generally most claims take far less time to process. This is to manage expectations as various scenarios could cause delays in processing and payment. Depending on the claim, it can also take up to 60 days also depending on requirements.

What is the waiting period for Old Mutual?

The length of the waiting period may be from 1 to 24 months, and is specific to your policy (speak to HR). Old Mutual Group Assurance does not make any payment during the waiting period. Please clarify with your employer what and how much you will be paid during this time.

Who is the beneficiary of the Old Mutual?

Defined by law: Your spouse Children Persons to whom you have a legal duty of financial support, and Persons to whom you provided financial support at the time of your death. People you choose to receive your death benefits. * Your wishes will be considered by the trustees.

How long does it take to withdraw money from an Old Mutual investment account?

The withdrawal will be processed and paid into your bank account within a maximum of 7 days of you accepting these terms, provided all required documents are received. You will not have any claim against Old Mutual if the money is deposited into an incorrect bank account where you supplied the incorrect bank details.

old mutual superfund beneficiaries form

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How long does Old Mutual take to pay out?

Payout times differ from service provider to service provider, product to product and the circumstances surrounding the death. Most service providers will pay out within 48 hours of all the correct documentation having been submitted. Alternatively it could take between 15 to 60 days.

What is beneficiary nomination form?

A beneficiary nomination form is a document that identifies the person or people that you chose to receive the benefits of a pension or life insurance policy in the event of your death. It ensures that the trustees or service provider know who to pay the benefits to.

Can you nominate beneficiary for an investment?

Certain investment vehicles allow for a beneficiary nomination. The benefit of nominating specific beneficiaries is that the proceeds are paid directly to the beneficiaries (rather than into the estate). The benefit of this is twofold: it increases cashflow certainty by eliminating delays and saves on executors fees.

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